Wake single-family permits up 30 percent so far this year

Posted by David Bracken on November 1, 2013 

New single-family building permits were up 30 percent in Wake County through the first nine months of the year, according to data compiled by the Home Builders Association of Raleigh-Wake County.

Compared to the first nine months of last year, permits are up in all Wake County municipalities except Garner and Morrisville.

The biggest percentage increase through the first nine months of the year was in Wendell and Zebulon, where permits have increased from just 17 last year to 83 this year. In Rolesville, permits increased from 120 to 226.

Permits were up 67 percent in Apex, 18 percent in Cary, 55 percent in Fuquay-Varina and 25 percent in Raleigh.

There were 37 percent more permits issued in September than in the same month last year.

While the new home construction remains below the levels it was at before the housing bust, competition for lots and labor has increased in the region.

There were 1,595 new homes listed for sale in the Triangle at the end of the third quarter, up 2 percent from the same period last year, Triangle Multiple Listing Services data show. The small increase is in part a reflection of the fact that builders are now constructing fewer speculative houses than they did prior to the downturn.

Staff writer David Bracken

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